教学课件 国际贸易实务（英文版）（第四版）周瑞琪.ppt

* Settlement by Acceptance Docs Released Buyer/Applicant Seller/ Beneficiary Issuing Bank/ Buyer ’ s Bank Presenting Bank Draft Docs Draft Docs Goods (5) (7) (6) Payment (11) Payment (8) Payment (9) Draft drawn on Acceptance notice (12) (10) * Settlement by Negotiation Docs Released Buyer/Applicant Seller/ Beneficiary Issuing Bank/ Buyer ’ s Bank Negotiating Bank Draft Docs Draft Docs Goods (5) (11) (8) (6) Payment / Acceptance (7) Payment / Acceptance (9) Payment (10) Draft drawn on SEIB OF GDUFS * 7.6 Types of Letter of Credit Revocable credit 可撤销的信用证 An L/C which can be amended or cancelled by the issuing bank without prior notice of the beneficiary. unfavorable to the exporter therefore not widely employed The cancellation can be made before the date the L/C expires. Otherwise, the opening bank shall reimburse the negotiation bank or payment bank if the payment is effected by them before receipt of the notice of cancellation. Irrevocable credit 不可撤销的信用证 An L/C which cannot be cancelled or amended without the agreement of the beneficiary (the exporter) and all other parties. Gives assurance of payment, but less flexible to change credit term According to UCP600, if the wording of revocable or irrevocable not found on the credit, this credit shall be deemed as irrevocable SEIB OF GDUFS * Confirmed credit 已保兑信用证 An L/C that a bank, other than the issuing bank, undertakes to honor the credit issued by adding its confirmation Confirming bank signs under the statement, “We hereby add our confirmation to this credit”. Confirming bank will be liable for payment in case of default by the issuing bank. It should be an irrevocable credit. Double insurance of payment Unconfirmed credit 未保兑信用证 An L/C which does not indicate the undertaking to effect payment by any other bank, except the issuing bank 7.6 Types of Letter of Credit SEIB OF GDUFS * Sight credit 即期信用证 An L/C under which the opening bank will immediately effect payment upon presentatio